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<br /> action or proceeding in which Heneficiary or Trustee may appear. Should
<br /> � T�stor fail to make ati� g3ymQnt or to do any act as and in the manner
<br /> pravided in any af the L�.an InsLrucnents, Beneficiary and/ar Trustee, each in
<br /> its own discretior., withau� obligation, may make or do the same in such manner
<br /> an�' to such exten± as either may deem necessary to protect the security
<br /> , hereaf. Trustos shall, i�rtediatelg upon demand therefor by @eneficia..Yy, pay
<br /> ail cos�s an� expenses incurred by Hensfici�y in connection with the e:�rcise .
<br /> bl Benefi�iaY}F of the foregoing ri�ght�r ].riG1Sr:Iily, without limitation, ccsr,�s
<br /> og evi�ence af title, cou�t costs, agprais�Is, surveys and attorney's Yees.
<br /> AzT� such co��� arid expenses �not paid within ten (10) days of writtenr �eman��
<br /> shr}l.I dracv interest at the default rate provided in the Note.
<br /> 5. ENIINENT DON',AIR. Should the Trust Estate, or aml ga�t thereof or
<br /> in}erest t erein, be taken or �amaged by reason of any pub33c i�nprovement or
<br /> cor�demnation proceed3ng, or in any other manner including d�ed in lieu of
<br /> Condemnati.�n {"C�ndemnati�n"�, or sr.euld Trustor receive an� notice or other
<br /> ' information .rega.�ding sz:ch g?-ocee@s.ng, Trustor shall give prampt wr�.tt�n
<br /> notice thereo€ tc� H�II�fi�i�y. Bene:iciary s�all be �Atitled to ali
<br /> comgenaati�n a�rards and ath�,: payments or re?ief the��or, an� shall be
<br /> enti�tle@ ts� make any campscamise or settlement in connection with such taking
<br /> . or damage. All such compensation, acaards, datnages, ri,hts of action and
<br /> gY�ceeds av�arded to Trustor (the "Pr�ceeds") are herehg assigned to
<br /> H�neficiary; and Trustor agrees to �.��cute such further assignments of fihe
<br /> �roceeds as Beneficiary or Trustee m3y require.
<br /> 6. APPOINT;4EN`T OF SUCCESSOR iRUSTEE. Beneficiary r,iag, from time to
<br /> ts�rs, by a 4�ritten i.astrument executa_� and acknowledged by Beneficiar�,. �!ailsd
<br /> � tc� .rustor and reccrded in the Coun�1 in 4�hich the Trus"_ Estate is lo���d and
<br /> ' ��< �sthe�tise complying with the prcc'_sions af the appli�able law of tY:e �tate
<br /> of Nehra�ka substitute a successor or succ�s�<srs to the Trust�e aame8 Y�erein
<br /> or acting hereund�r.
<br /> 7. SUCCESSORS AND ASSIGNS. `�;�s Deed of Trust applies to, inu�c-� to
<br /> t'.�� benefit of and binds all parti�:� !�ereto, their heirs, legate2s, c��;.sees,
<br /> gersonal representatives, succe�scrs and assigns. The term "SEr.cficiary" ;
<br /> shall mean the owner and hoid�t- af the Note, whether or not n�..��3 as •
<br /> Beneficiary herein. -
<br /> 8. INSPECTIONS. Sene`iciary, ar its agents, representati��s �r
<br /> t:
<br /> wc��L"nen, are aut orized to e:�ter at any reasoreable time upon ar ?:� a.�r F3rt of '.� �
<br /> the Trustes Estate for the gurpose of inspecting the same an& `or th� nu�pose ;�,�,_�'
<br /> of perfarming any of the acts it is authoriz��': to perform un�cr the terc±-s of �
<br /> ang af tlte Loan Instruments. �• '�
<br /> 9. EVENTS OF DEFAUL'P. Any of �he follo��ing events sh�;_� be dea�:pd an �'
<br /> e�ent of default hereunder:
<br /> (a) Trustor shall have failed to r.:airc- �ayment of any installmer.t of
<br /> interest, principal, or principal a:,�: �nteres`_ �r anYF ather sum securew hereby .
<br /> at^��: due; or, ':� . .
<br /> (b) There has occurred a breach of dpF��lt under any term, covenant, � :
<br /> ��reement, condition, provision, repxesentation, or a�arranty contained in any ' •
<br /> oF the Loan Instrumentr.
<br /> lU. ACCELERATION UPON DEFAULT ADbITIONAL REt9EDIES. Should an e�ent of
<br /> default occur, Bene iciary i°�ay eclare al zn�e te ness secured hereby �o be
<br /> due and payable, and the sa.�::� shall thereupon become due and payable ;r.ithout
<br /> any presentment, demand, protest, or notice of any kind. Thereafter ti���
<br /> F�;�eficibry may:
<br /> (a) �:ither in perso� or by ag�:n*, c�iti� or witnaut brfnging any action
<br /> cr proceE�i.r.:,, or by � rcr_c��er appointed ��� :. Court and a�ithout regard t� thc�
<br /> arequacy of i�s security, c-*_er uper. and taic� possession of the Trust Estate,
<br /> or any part thereof, in it� own na�� or in the name of Trustee, and do any
<br /> �cts which it de�ms necessa=y or dcs�rable to preserve the value,
<br /> marketability ar rentabili*.; of the Trust Estate, or part therenf or interest
<br /> therein, increase the incc�:��a therefrom or protect the security hereof, and
<br /> with or with�ut taking possassion of the '�rust rstate, sue for or othera�ise ���'��
<br /> collect the rents, issues and prafits thereof, inciuding those past due �nd �
<br /> unpaid, and apply ti�� same, lFSS costs �nd expenses of oper�tinn �nd
<br /> cdllectidn, incluat�+.� a*_torney's fegs, upon any indebtedness ser,ured her.eby,
<br /> �11 in such order as Eene.'iciary m�y ci�t�rmine. 'r'ne enter.ing upon anci taking �
<br /> poss�t�sion af th� 'Pru�'_ Estate, the ccrllection �f such rents, issues and
<br /> profitb �nd the application thoreof ��s �for.es�id, st►all nat cur� or waive ��ny ,�
<br /> � �c�f�alt or natice nf default hE�reunc3er or :nv�lidate any ��ct ciatte in rrspnn:;e �
<br /> tc� such d�f'�►u1t or. pursuc�nt t.c� such natice of dc�f�ult and, nut�vithstfe�iding thu
<br /> r.ontinuar�ca in pvssess'toh ot Yhe Trust ::tit��Le oi� !hF• c�c�llcrction, recE�ipi c�nd w
<br /> e�ppl icatiur3 of r�nt:s, issue.: �r prof it..:, Trust.t�E� c�r t3e���f icitiry Sh��II bE� �`'
<br /> c.•t�t i����� tri �KC!Y{'i��� F�vF•ry r iqtit ��rov i aer3 f c�r ir. •+ny �f t hE� Lca�n in::t Y�unE nt a; �[
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